Don't rely on KiwiSaver fund names, investors told

If you're trying to pick the right KiwiSaver fund, you need to do more than just look at what the fund is called, industry commentators say.

KiwiSaver members are often told that they must make sure that they are in the right type of fund for their circumstances. Usually, growth assets such as shares perform better over the long term. But they can be volatile.

That means that people with a long time until they retire are usually encouraged to put their money in "growth" or at least "balanced" KiwiSaver funds. Those who might want access to their money in the near future are usually encouraged to stick to conservative funds, where there is less chance of a downturn just as the money is needed.

But researchers say you can't always rely on what a fund is called to describe its risk profile.

from
http://www.stuff.co.nz/business/96587451/Don-t-rely-on-KiwiSaver-fund-names-investors-told